Simon Dawson | Bloomberg | Getty Images Saudi oil production will be fully back online by the end of September, the kingdom’s Energy Minister Prince Abdulaziz bin Salman told media during a press conference in Jeddah on Tuesday, sending oil prices down by nearly 6% just a day after their biggest jump in history. The
Investing
Scott Mlyn | CNBC Here are the biggest calls on Wall Street on Tuesday: Guggenheim downgraded Home Depot to ‘neutral’ from ‘buy’ Guggenheim pointed to a ramping up of Home Depot‘s capital spending and expenses next year in its downgrade of the stock. “Bottom line, we find it difficult to see a path to EBIT
Federal prosecutors on Monday accused three J.P. Morgan precious metals traders, including the global head of base and precious metals trading, of participating in a racketeering conspiracy in connection with a multiyear scheme to manipulate the markets and defraud customers. The alleged scheme saw the nation’s largest bank by assets profit handsomely, while investors suffered
A woman fuels her SUV at an Exxon Mobile gas station in Chicago. Getty Images Oil prices are surging and if history is any guide, a handful of stocks are going to outperform the market over the next week. Drone Saudi Arabian oil facilities over the weekend forced the kingdom to cut its oil output
File photo of a ride-sharing driver displaying Lyft and Uber stickers on his front windshield in downtown Los Angeles. AP Photo | Richard Vogel HSBC raised its ratings of both Uber and Lyft to buy from hold on Monday, saying that it sees 32% upside in the former and nearly 35% upside in the latter.